So, let’s back up a little and look where the growth really is. Of that headline figure, 390,500 people work outside of either the City of London or Canary Wharf – instead classified as being in ‘other London’. What you’re seeing, therefore, is not a recovery in the jobs that were prevalent during the financial crisis, but a shift in growth across a very broad definition of financial services.

Driving much of the growth were accounting and management consulting firms, which have increased headcount by 5% since last year and by 16% since 2007. Meanwhile, asset management firms, which have been bolstering employee numbers for a few years now, increased overall headcount by 4.5% throughout 2014.

So, who’s ruining the party? The City UK says that investment banks’ continued focus on cost-cutting “supressed overall hiring in the London financial services market”.